Consider the following statements about National Infrastructure Investment Fund NIIF 1 GOI holds 100...........

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Consider the following statements about National Infrastructure Investment Fund(NIIF)

1. GOI holds 100% shareholding of the fund.

2. It has been incorporated under Companies Act 2013.

3. NIIF can invest in both Greenfield and Brownfield projects.

4. NIIF will not invest in stalled projects.

Which of the above statement is/are correct ?

1 and 2 only

2 and 3 only

1,2 and 3 only

1,2,3 and 4

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Explanation:

National Investment and Infrastructure Fund (NIIF)

National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.
Securities and Exchange Board of India (SEBI) has already approved NIIF as an alternate investment fund.
The National Investment and Infrastructure Fund (NIIF) Limited has been incorporated as a company under the Companies Act, 2013, duly authorized to act as investment manager of National Investment and Infrastructure Fund.
The government will invest Rs 20,000 crore into the NIIF from the Budget, with another Rs 20,000 crore expected to come from private investors.
The government’s share of the NIIF’s corpus was envisaged to be 49%.
NIIF will invest in stalled projects also.
NIIF will invest in both brownfield and greenfield projects if it’s commercially viable.

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abhimanu admin

Kindly read the question carefully..

SWARAJ SIDDHARTH

4th statement given not invest...but answer given invest so according to explanation its C

Ritesh M

Thank you for this one. rectified a big mistake,.

ABINASH PUROHITA

govt of india holds 49% shareholding,so option d is wrong

Amir

explanation is different and answer is different.

Amir

explanation is different and answer is different.

Vikas Meshram

Here the answer is option 3 but given wrongly as 4

Vanita Sharma

Wrong answer mark

J S

C should be correct i.e 1,2,3

Vruta

NIIF has 49% government share

Deepank Deo

see second last point it clearly states will invest in stalled projects

Amit Yadav

incorrect answer

Rajesh

Here inthis question ask correct pptions .1,2,3 correct 4 opton not correct .because in option 4 given not investe in stalled projects. If u guven in option 4 invest in stalled projectes then correct .i agree otherwise my option is correct

Shubham Dwivedi

WRONG ANSWER

RISHI MAHESHWARI

statement 4 is wrong as invetsment can also be made in stalled projects. check.

Prashant Srivastava